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Israeli industrial AI company Augury has raised $75 million in a Series F funding round led by Lightrock, maintaining its valuation above $1 billion. The funding, which includes an initial tranche of $72.5 million and could potentially reach $100 million, will be used to expand its machine health and process optimization solutions. Augury's technology monitors vibrations, sound, and temperature to identify potential issues, helping manufacturers like PepsiCo, Nestlé, and DuPont reduce downtime and improve efficiency. The company has seen its revenue grow five-fold since its last funding round in 2021 and has tripled its Fortune 500 customer base. Augury plans to continue developing its AI-driven solutions and expand its product portfolio to include process optimization.
“When the right person is in the right place at the right time… they don’t just succeed, they change everything.” True of the whole team @mercor_ai, too. Congratulations @BrendanFoody, @suryamidha, and @adarsh_exe on such a successful round. Cheers to talent! 😉 🥂 https://t.co/CNNjSroCzC
So excited to have our partner @speechu lead this big round for @mercor_ai partnering with the awesome founders @BrendanFoody @adarsh_exe @suryamidha for such an ambitious vision to have AI assess talent and maximize its potential… cc @DetweilerJames https://t.co/f33lUWkpUY
Israeli industrial AI company Augury has raised $75 million in new funding to expand its machine health and process optimization solutions, with revenue growing five-fold since its last round in 2021 https://t.co/fvsZlYNPsn
